September 27, 2019 / 9:16 AM / 22 days ago

Thailand's Asset World Corp raises $1.57 bln in IPO

BANGKOK, Sept 27 (Reuters) - The hospitality and property firm of Thai billionaire Charoen Sirivadhanabhakd, Asset World Corp (AWC), said on Friday it had raised 48 billion baht ($1.57 billion) in the country’s largest initial public offering (IPO) of an individual company.

Of the planned 8 billion IPO shares, 53% was alloted to foreign investors and 47% to domestic investors, Chief Executive Wallapa Traisorat told reporters.

Earlier this month, the firm priced shares at 6 baht each. ($1 = 30.63 baht) (Reporting by Chayut Setboonsarng; Editing by Mark Potter)

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